Wetown Electric Group Co Ltd

Wetown Electric released its 2026 interim report on August 27. Driven by coordinated growth across its three main business segments of power distribution equipment, energy storage systems, and photovoltaic new materials, the company achieved operating revenue of 2.295 billion yuan in the reporting period, up 32.48 percent year on year. Net profit attributable to the parent company was 18 million yuan, up 6.51 percent, and non-GAAP net profit was 15 million yuan, up 6.42 percent. Among these, revenue from the high and low voltage busbar business reached 739 million yuan, a sharp year-on-year increase of 68.86 percent, mainly benefiting from demand for high power density power distribution driven by AI computing center construction, as well as capacity release from the large-scale production ramp-up of the Wetown ABB joint venture. The company also successfully obtained North American UL certification and orders, marking the entry of its high-end products into the global mainstream market. In addition, the company plans to distribute a cash dividend of 0.51 yuan per 10 shares, including tax, totaling approximately 10 million yuan, accounting for 56.95 percent of net profit attributable to the parent company for the period.